Bull Market until the baby boomers retire? Message Board

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Strategies & Market Trends : Bull Market until the baby boomers retire?

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To: Les H who wrote (6)	1/2/1997 12:35:00 PM
From: David Kuspa	of 18

The pundits are tabulating 1996 market results, and most of the analyses I've been reading have appealed to the popular fears of an overvalued market and a sharp correction or gradual decline. It seems whenever there is good news the number of correction/bear market prophets increases dramatically to take away some of our joy and add to our fears. If there is a correction, nearly every analyst or columnist on the face of the planet will probably take credit for issuing a warning at some time in the recent past! Sure the market may correct tomorrow, but I for one have been a believer in long-term trends, including the baby boomer theory which is just one piece of a very sweet pie. In short, all the factors are still in place for further sustained growth, while SOME of the historical measures (PE's, dividend yields, etc.) are warning of overvaluation. For those of you who have been nervously riding the bull market glee/gloom express, I suggest you read this Washington Post/LA Times piece by a Goldman Sachs analyst. It is a very straightforward and comforting analysis of the trends and factors in place for a continuing bull market: latimes.com Happy New Year and good luck in 1997, D. Kuspa

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